A+
45%
Income/capita NAT. AVG.
141%
Household income NAT. AVG.
85%
Unemployment NAT. AVG.
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IndexElko New MarketMinnesotaNational
Income per capita$43,190$33,225$29,829
Median household income$133,333$63,217$55,322
Median income owner occupied$138,555$77,618$70,586
Median income renter occupied$125,019$34,348$35,192
Median earnings male$74,730$40,933$36,919
Median earnings female$45,156$29,114$26,250
Unemployment rate0.7%3.4%4.7%
Poverty level0.4%10.8%15.1%
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Key findings

  • The income per capita in Elko New Market is 45% higher than the national average
  • The median household income in Elko New Market is 141% higher than the national average
  • Male median earnings are 41% higher than female median earnings
  • The unemployment rate in Elko New Market is 85% lower than the national average
  • The poverty level in Elko New Market is 97% lower than the national average

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Compare Elko New Market, MN Employment

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      am i middle class

      $
      Input your household income
      $88,879 $133,333 $266,666
      City
      $42,140 $63,217 $126,434
      State
      $36,877 $55,322 $110,644
      Nation
      According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

      Elko New Market median earnings by income bracket

      Elko New Market employment by industry

      Labour TypeMaleFemale
      Construction industry7.7%7.7%
      Manufacturing sector15.6%15.6%
      Financial & insurance services7.1%7.1%
      Wholesale & retail services10.2%10.2%
      Public administration8.6%8.6%
      Transportation, warehousing & utilities13.0%13.0%
      Education, health & social services11.1%11.1%
      Other25.6%25.6%

      Nearby cities with high median household income

      City Population Household Income National Avg.
      Savage, MN31,758$116,895111.3%
      Lakeville, MN65,710$112,020102.5%
      Rosemount, MN24,792$110,57399.9%
      Carver, MN5,438$109,58998.1%
      Prior Lake, MN26,775$108,48196.1%
      Elko New Market, MN4,715$133,333141.0%

      Cities with similar population

      City Population Household Income National Avg.
      Nowthen, MN4,715$124,492125.0%
      Leisure Village, NJ4,714$32,71940.9%
      Farmville, NC4,716$46,71915.6%
      Hickory Creek, TX4,716$121,913120.4%
      Wolverine Lake, MI4,712$86,14855.7%
      Elko New Market, MN4,715$133,333141.0%
      Source: The Elko New Market, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).